Gold prices today see biggest single-day fall in nearly 3 months, silver rates tumble
- Gold rates today: A strong US dollar after US jobs report put pressure on the yellow metal
Gold rates fell sharply in Indian markets on Monday, tracking a weak trend in international rates. On MCX, gold fell 1.7% or around ₹950 per 10 gram to ₹51,037 per 10 gram, its biggest single-day fall in about 3 months. Silver on MCX tumbled ₹1,650 or 2.7% to ₹59,149 per kg. In international markets, the yellow metal was down 0.7% at $1,682 per ounce as renewed bets of sharp rate hikes by Fed lifted US dollar. The dollar index rose 0.2%, making gold costlier for buyers holding other currencies.
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